4 ms·
Yup, this idea has already been explored, eg. here is an example of environmentally net-positive way of mining: https://www.bloomberg.com/news/articles/2019-12-
by pwm 6y ago
Yup, this idea has already been explored, eg. here is an example of environmentally net-positive way of mining:
https://www.bloomberg.com/news/articles/2019-12-06/why-bitcoin-mining-is-being-touted-as-a-solution-to-gas-flaring https://www.bloomberg.com/news/articles/2019-12-06/why-bitco...
- erosenbe0 6y agoI don't see it as a net positive unless you believe high energy cost crypto is of high value to society. You have a large environmental impact in building out and maintaining a mining facility and transport infrastructure thereto, as well as the ongoing waste all the way down to the food put into the pieholes of the humans running the facility.
- pwm 6y agoNet positive means the benefits, ie. eliminating huge amounts of CO2 that would otherwise be released into the atmosphere, outweighs the costs, ie. your list of capex+opex. Turning gas flares into miners is both ingenious and objectively net positive.